MARKET DAILY

Midday market 12/28: News summary

DOWJONES -0.9%, S&P500 -1.0%, NASDAQ -1.3%

Market continues to decline after the holiday break with liquidity withdrawing from the market at an alarming level ahead of the new year, completely reversing from last night's futures trading session. Tech remains the most affected sector with Tesla erasing all morning gains after gapping up.

Meanwhile, Pending Home Sales - the number of homes pending sale across the US in November dropped 38.6% year-over-year and -4.03% month-over-month.

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